Mario Gabelli

Mario Gabelli

Last Update: 08-11-2016

Number of Stocks: 814
Number of New Stocks: 52

Total Value: $15,115 Mil
Q/Q Turnover: 4%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Mario Gabelli Watch

  • General Mills Experiences Decline in Profit, Revenue

    General Mills (NYSE:GIS) released its latest quarterly report on Wednesday. The company reported declines in revenue and profit, citing declining yogurt sales as the main cause.

    The company, which makes Yoplait yogurt, indicated net sales declined 7% to $3.9 billion. The company said this was “due to lower organic net sales, the divestiture of the North American Green Giant business, and the impact of foreign exchange.”


  • Mario Gabelli Gives Solutions to Student Debt Crisis

    Billionaire Mario Gabelli (Trades, Portfolio) started a discussion yesterday on how to resolve the astronomical debt owed by many college graduates, offering some of his own ideas.

    The leader of hedge fund GAMCO Investors (NYSE:GBL) asked his 13,700 followers for their suggestions as loan balances in the U.S. exceeded $1.26 trillion, more than four times the amount owed 12 years ago. According to the New York Fed, approximately 42 million people in the U.S. have student debt, and the delinquency rate on payments is 11.6%. The class of 2015 had it worst; the average student graduated with $35,051 in student debt, the highest amount ever, according to an analysis by


  • Mario Gabelli Buys Stake in Higher One

    Mario Gabelli (Trades, Portfolio) purchased a 69,100-share stake in Higher One Holdings (ONE) at an average price of $3.78 per share during the second quarter. Since the purchase Higher One’s market price has gained an estimated 36% in value.


  • Mario Gabelli Cuts Key Energy

    During the second quarter, guru Mario Gabelli (Trades, Portfolio) sold out his remaining shares of Key Energy (KEGX) at an average price of 35 cents per share. Since Gabelli sold out his remaining stake, Key Energy’s stock price has plummeted by an estimated -71%.

    Key Energy is headquartered in Houston, Texas. It was established in April 1977 and  commenced operations in July 1978, under the name National Environmental Group Inc. In December 1992, the company changed its name to Key Energy Group Inc. Then in December 1998, the company changed its name, yet again, to Key Energy Services Inc. The company is  an onshore, rig-based well servicing contractor that provides a full range of well services to major oil companies, foreign national oil companies and independent oil and natural gas production companies. As of December 31, 2015, the company employs approximately 3,800 people in the US and approximately 500 additional people in Mexico, Colombia, Ecuador, the Middle East, Russia and Canada.


  • Mario Gabelli’s 5 Biggest New Buys of 2nd Quarter

    Mario Gabelli (Trades, Portfolio)’s GAMCO Investors manages $37.5 billion and uses an equity research approach. Gabelli has described himself as “Warren Buffett (Trades, Portfolio) plus Ben Graham.” His Value 25 Fund has returned 10.2% annualized since its inception.

    His sprawling portfolio lists 814 positions and is valued at $15.12 billion. Most of his positions are in Consumer Cyclical stocks (24%) and Industrials (23%).


  • John Rogers Buys MSG Networks

    John Rogers (Trades, Portfolio) of Ariel Investment LLC purchased 1,884,145 shares in MSG Networks Inc. (NYSE:MSGN) for an average price of $16.05 per share on July 31. He now holds 6,268,842 shares.

    Rogers has been involved with the company since the first quarter of 2011. The purchase had an impact of 0.36% on his portfolio.


  • Gabelli Funds Comments on ExxonMobil Corp

    ExxonMobil Corp. (NYSE:XOM) (2.1%) (XOM – $93.74 – NYSE) is the world’s largest publicly held integrated oil and gas exploration and production company based on market capitalization, proved reserves and production. The company’s exploration and production segment has an active exploration or production presence in 36 countries and production operations in 24 countries. ExxonMobil also owns a diverse portfolio of refining facilities in 14 countries (which include North American, Europe and the Asia Pacific region) and is one of the largest chemical companies in the world. The stock is up more than 40% from its 52 week low as WTI crude prices rebounded from $26/bbl to near $50/bbl currently. The company is targeting 2016-2020 production to be 4.0-4.2 million boe/d, representing flat growth compared to 2015. To weather the lower commodity price environment, XOM is focused on controlling costs and managing capital expenditures. Additionally, it issued $12 billion in bonds to bolster its balance sheet. Finally, ExxonMobil remains committed to paying a reliable and growing dividend. In April 2016, the company increased its annual dividend from $2.92/share to $3.00/share.

    From the Gabelli Dividend Growth Fund second quarter 2016 commentary.


  • Gabelli Funds Comments on General Electric Co.

    General Electric Co. (NYSE:GE) (3.3%) (GE – $26.57 – NYSE) is an industrial conglomerate based in Fairfield, Connecticut, with leading positions in power, energy, healthcare, and aviation equipment, services, and financing. GE has materially downsized its finance business through the 2014 spinoff of Synchrony Financial and the sale of most of its finance verticals. Financial businesses will be retained in healthcare, energy financial services, and aviation to support key industrial businesses. The company recently became the first institution to be de-designated as a Systemically Important Financial Institution (SIFI), providing more balance sheet flexibility and allowing the company to buy back upwards of $50 billion of stock. On the industrial side, GE is integrating its $10 billion acquisition of Alstom’s power assets, broadening its scale and capabilities. It is also ramping up production of its efficient H-turbine for power plants and its LEAP engine for the next generation of fuel efficient narrowbody aircraft. Finally, GE is aggressively building out its digital capabilities, focusing on the remote monitoring and optimization of its installed base. The transformation of GE, now almost complete, is creating a focused industrial company capable of driving high single digit earnings growth while paying a progressive dividend.

    From the Gabelli Dividend Growth Fund second quarter 2016 commentary.


  • Gabelli Funds Comments on Medtronic Plc

    Medtronic plc (NYSE:MDT) (1.7%) (MDT – $75.00 – NYSE) cemented its position as the largest manufacturer of medical devices in the world with last year’s $50 billion acquisition of Covidien. This deal, structured as a tax inversion, should both improve the company’s growth rate and give it better access to its global cash flow. Meanwhile, Medtronic is accelerating its own growth rate through improved management execution and a full pipeline of new heart valves, drug coated balloons, and defibrillators. Medtronic will be the partner of choice for hospitals going forward, and the Covidien deal will allow the company to continue to return at least 50% of its cash flow to shareholders via share buybacks and dividends.

    From the Gabelli Dividend Growth Fund second quarter 2016 commentary.


  • Gabelli Funds Comments on Citigroup Inc.

    Citigroup Inc. (NYSE:C) (2.6%) (C – $41.75 – NYSE) is a leading global bank, with approximately 100 million customer accounts. The firm conducts business in more than 100 countries and jurisdictions. Citigroup provides consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. The firm is well positioned to capitalize on the growth of global personal wealth.

    From the Gabelli Dividend Growth Fund second quarter 2016 commentary.


  • Gabelli Funds Comments on JPMorgan Chase & Co.

    JPMorgan Chase & Co. (NYSE:JPM) (2.8%) (JPM – $59.22 – NYSE) is one of the oldest financial institutions in the U.S. The firm, with assets of over $2.4 trillion, provides services to millions of consumers, small businesses, and many of the world’s largest corporate, institutional, and government clients. The bank is divided into several reporting segments, including investment banking, commercial banking, financial transaction processing, asset management, and private equity. CEO Jamie Dimon is well regarded among corporate leaders, and he has positioned the company for future growth, despite the recent challenges related to the financial crisis, increased regulations, and low interest rates.

    From the Gabelli Dividend Growth Fund second quarter 2016 commentary.


  • Gabelli Funds Comments on Apple

    Apple (NASDAQ:AAPL) (5.1%) (AAPL – $95.60 – NASDAQ) designs Macs, arguably the best personal computers in the world, along with OS X, iLife, iWork, and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with the iPad and Apple Watch.

    From the Gabelli Dividend Growth Fund second quarter 2016 commentary.


  • Gabelli Funds Comments on Mondelez International Inc.

    Mondelez International Inc. (NASDAQ:MDLZ) (2.1%) (MDLZ – $45.51 – NASDAQ) headquartered in Deerfield, is the renamed Kraft Foods Inc. following the tax-free spin-off to shareholders on October 1, 2012 of the North American grocery business. Following the contribution of coffee into a new joint venture, nearly 85% of Mondelēz’s $27 billion of revenue is derived from snacking, which includes leading brands such as Oreo, LU and Ritz biscuits, Trident gum and Cadbury and Milka chocolates. On July 2, 2015 Mondelēz contributed its coffee business with DE Master Blenders 1753 to form a new coffee company, Jacobs Douwe Egberts. Subsequently, MDLZ exchanged part of its stake in this coffee joint venture for 24% ownership in Keurig Green Mountain, which was acquired by an investor group led by JAB Holding Co. in March 2016. This narrows the company’s product focus, as only 15% of revenue will be outside snacks, mostly Tang beverages and other products, such as Philadelphia cream cheese, which management may look to divest in the future as it executes on its plan to accelerate growth and improve margins in the faster growing snack business. On June 30, Hershey (NYSE:HSY) confirmed that it received and rejected a preliminary indication of interest from Mondelēz to acquire HSY for $107 per share in cash and stock, demonstrating Mondelēz’s continued interest in pursuing acquisitions while remaining an independent company.

    From the Gabelli Dividend Growth Fund second quarter 2016 commentary.


  • Gabelli Funds Comments on Pfizer Inc.

    Pfizer Inc. (NYSE:PFE) (3.8%) (PFE – $29.64 – NYSE), headquartered in New York City, is one of the world’s largest research based pharmaceutical companies, with sales of $48.9 billion in 2015. The company’s drugs include the blockbusters Enbrel for autoimmune diseases, Lipitor for high cholesterol, Lyrica for pain, and Viagra for erectile dysfunction. The company’s late-stage pipeline includes drugs being developed to treat cancer, cardiovascular disease, and inflammatory conditions. Pfizer also offers consumer healthcare products, including Advil, Centrum, ChapStick, Emergen-C, and Robitussin. In April 2016, the company terminated its planned acquisition of Allergan plc following unfavorable tax regulations from the U.S. Treasury. Pfizer is now considering whether to split the company into two segments, one for high growth innovative pharmaceuticals and one for lower growth/declining established pharmaceuticals, with a decision expected by the end of 2016.

    From the Gabelli Dividend Growth Fund second quarter 2016 commentary.


  • Gabelli Funds Comments on Halliburton Co.

    Halliburton Co. (NYSE:HAL) (1.3%) (HAL – $45.29 – NYSE), based in Houston, Texas, is one of the leading providers of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. With its merger with Baker Hughes blocked by the Department of Justice in May 2016, HAL is now refocusing its attention on cost savings and preparing for the eventual upturn in global exploration and production (E&P) capital budget spending. The company has targeted to reduce $1B in costs globally by the end of 2016. As the market leader in pressure pumping as well as completion equipment and services, HAL is well positioned to benefit from the recovery from higher oil prices and a pickup in drilling activity, first in North American land and followed by international land. With WTI crude prices near $50 per barrel, we expect E&P operators to begin to complete their inventory of drilled but uncompleted wells, followed by new drilling activity in the second half of 2016. Our Private Market Value for Halliburton is $55 per share.

    From the Gabelli Dividend Growth Fund second quarter 2016 commentary.


  • Gabelli Funds Comments on Alphabet

    Alphabet (NASDAQ:GOOG) (3.4% of net assets as of June 30, 2016) (GOOG – $692.10 – NASDAQ, GOOGL – $703.53 – NASDAQ) is the parent company of Google, which is widely recognized as the world’s leading Internet search engine. Google’s stated mission is to organize the world’s information and make it universally accessible and useful. Google generates revenue by providing advertisers with the opportunity to deliver measurable, cost effective online advertising that is relevant to the information displayed on any given webpage. This makes the advertising useful to consumers as well as to the advertiser placing it. We believe this highly innovative and fast growing company is uniquely positioned to create new market opportunities while maintaining its lead in online search.


  • Gabelli Dividend Growth Fund 2nd Quarter Commentary

    To Our Shareholders,

    For the quarter ended June 30, 2016, the net asset value (“NAV”) per Class AAA Share of The Gabelli Dividend Growth Fund increased 1.5% compared with the increase of 2.5% for the Standard & Poor’s (“S&P”) 500 Index. See page 2 for additional performance information.


  • Sometimes It Is Good to Buy the Biggest. But Should You Buy the Biggest Health Care Distribution Business?

    2016 Investor Day presentation, June 29, 2016 

    The McKesson Corp. (NYSE:MCK), which distributes pharma products and medical supplies (and more), is the 11th largest company on the Fortune 500 list. It’s currently a bargain, at least compared to what it used to be.


  • Mario Gabelli Comments on Viacom Inc.

    Viacom Inc. (NASDAQ:VIA) (6.7%) (VIA – $46.42 – NASDAQ) is a pure-play content company that owns a global stable of cable networks, including MTV, Nickelodeon, Comedy Central, VH1, BET, and the Paramount movie studio. Viacom’s cable networks generate revenue from advertising sales, fixed monthly subscriber fees, and ancillary revenue from toy licensing, etc. We believe a low valuation and M&A potential outweigh the secular risks of cord-cutting.

    From Mario Gabelli (Trades, Portfolio)'s Value 25 Fund second quarter commentary.   

  • Mario Gabelli Comments on Sony Corp

    Sony Corp. (NYSE:SNE) (3.3%) (SNE – $29.35 – NYSE) is a diversified electronics and entertainment company based in Tokyo, Japan. The company manufactures televisions, PlayStation game consoles, mobile phone handsets, and cameras. It also operates the Columbia film studio and Sony Music entertainment group. We expect the new PlayStation launch and operational improvements in consumer electronics and entertainment to generate EBITDA growth through 2017. We also think the spinoff of the entertainment assets could be a catalyst.

    From Mario Gabelli (Trades, Portfolio)'s Value 25 Fund second quarter commentary.   

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